Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
$2,400,000
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Lot: 0.04 Acres
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Other
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$2,400,000
5125 6th Avenue Calling All Investors, Developers, & End-Users!!! 100% Occupied 6 Unit Free Market Corner Building In Sunset Park For Sale!!! The Property Features Excellent Signage, Great Exposure, R6A Zoning, High 12' Ceilings, (5) 2 Br. Apartments, Skylight, Basement, Rear Yard, 200 Amp Power, All New LED Lighting, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn Just Blocks I-278 (Belt Pkwy.) & Only Minutes From The Verrazzano Bridge!!! The Property Has 22' Of Frontage On 6th Ave. + 82' On 52nd St.!!! Neighbors Include Starbucks, Toyota, Costco, NYU Langone, USPS, Wyndham Hotels, Sephora, Planet Fitness, Petco, CVS, Dunkin', McDonald's, MicroCenter, Popeye's Louisiana Kitchen, Pollo Campero, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Accountant: $36, 600 Ann.; 2% Ann. Inc.; Lease Exp.: 12/1/28. Apt. 1R (2 Br.): $19, 200 Ann.; Lease Exp.: 8/1/26. Apt. 2R (2 Br.): $20, 400 Ann.; Lease Exp.: 8/1/26. Apt. 2L (2 Br.): $25, 200 Ann.; Lease Exp.: 12/1/26. Apt. 3R (2 Br.): $20, 640 Ann.; Lease Exp.: 9/1/26. Apt. 3L (2 Br.): 21, 300 Ann.; Lease Exp.: 9/1/26. Gross Income: $143, 340 Ann. Expenses: Oil: $7, 000 Ann. Electric: $720 Ann. Water & Sewer: $4, 203 Ann Insurance: $3, 826 Ann. Snow & Landscape: $0 Ann. Trash: $0 Ann. Taxes: $27, 970 Ann. Total Expenses: $43, 719 Ann. Net Operating Income (NOI): $99, 621 Ann.
Courtesy of: Richard Matt Shane, All Island Estates Realty Corp, matthewshane8828@gmail.com
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